K92 Mining Inc. (KNT.V) (CVE:KNT) Receives Average Rating of “Buy” from Brokerages

K92 Mining Inc. (KNT.V) (CVE:KNT) has received a consensus rating of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$10.64.

Several research firms recently commented on KNT. Stifel Nicolaus raised their price target on shares of K92 Mining Inc. (KNT.V) from C$14.25 to C$15.00 in a report on Wednesday, August 14th. Canaccord Genuity Group lifted their target price on shares of K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a research note on Tuesday, July 23rd.

K92 Mining Inc. (KNT.V) Price Performance

Shares of K92 Mining Inc. (KNT.V) stock opened at C$7.99 on Thursday. The company has a current ratio of 3.25, a quick ratio of 2.43 and a debt-to-equity ratio of 4.93. K92 Mining Inc. has a 1 year low of C$1.55 and a 1 year high of C$8.50. The stock has a 50-day moving average price of C$7.99 and a 200 day moving average price of C$7.99. The company has a market cap of C$1.63 billion and a P/E ratio of 32.48.

K92 Mining Inc. (KNT.V) Company Profile

K92 Mining Inc engages in the mining, exploration, and development of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver. Its principal property is the Kainantu property that covers an area of 725 square kilometers located in the Eastern Highlands province. The company is headquartered in Vancouver, Canada.